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USANYNiagara FallsCity/niagara Falls1511 Cleveland Ave
Listing image | Image 1

1511 Cleveland Ave, Niagara Falls, NY

House

For Sale

Listed price in listed location currency (USD).
$130,000

421

MLS® B1708260

Overview

Key Facts

Type Multi Family
Levels Residential
Size 2042 sqft
Garage Yes
Taxes $1,869
Days Active 9
Lot Size 0.1102 Acres
Approx. Age 1900
Avg. Price Per Sqft $63
MLS® Number B1708260

Property Address: 1511 Cleveland Ave, Niagara Falls, NY, 14305-2840

Average square foot calculated using Size range provided by listing agent.

Description

Investment opportunity with income + Short-Term AirBnB rental potential! Welcome to 1511 Cleveland Ave, a fantastic income-producing property located in the City of Niagara Falls just a short drive the State Park & Canada! This is the type of property investors have been looking for a property with long term tenants already in place providing immediate rental income combined with the potential to take advantage of Niagara Falls' booming tourism market. Whether you're and experienced investor looking to expand your portfolio or a first-time buyer looking for a property where the rental income can help offset your ownership cost, this property deserves your attention! The ability to own a property with established long-term rental income while having the potential to explore future short-term rental possibilities. 9.4 million visitors come to Niagara Falls every year creating an enormous & continually renewing customer base for short-term rental. Own where tourist come! Even more exciting this property may be purchased as part of a Larger 9-unit Real Estate Portfolio! Create an instant Niagara Falls Real Estate portfolio consisting of this property plus: 1215-15th St, 915 Ferry Ave , 1305-15th St, 1526 LaSalle Ave (2 units) all are are located within the City's AirBnB short term rental zone, offering tremendous potential for an Investor seeking scale in one of Western New York's premier tourism markets. 1869 Weston & 1886 Weston Ave. 9 units total, providing an exceptional opportunity to acquire multiple income producing properties in one transaction. Whether purchasing this property individually or assembling the entire portfolio, this a rare opportunity to establish an immediate presence in the Niagara Falls short term-term rental & investment market. Live, invest, operate or build your portfolio-the opportunity is here!!! Long term tenants below market rents presently $65, 940.00 per year. Based on estimated current market rents, the same portfolio has the potential to generate approximately $130, 200 per year in gross long-term rental income representing approximately $64, 260 of additional annual rental income potential through proper rent optimization
MLS® NumberB1708260
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
BasementFull
DrivewayOne Space
Garage Spaces
HeatGas, Forced Air
A/C

Extras

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